The UK’s future after the triggering of Article 50 seem not
to be clear despite all the projections and promises made by the leave campaigners.
Though government and the leave campaigners have consistently stressed that the
UK would be better off leaving the EU.
Recently, Philip Hammond conceded that the Government won't
have any clarity on the UK's future exchanging courses of action after it
triggers Article 50 to start the Brexit procedure.
Talking in front of his Autumn Statement on Wednesday, he
advised those expecting giveaways that the economy is confronting a "sharp
challenge" however said the Government's need would help Just About
Managing families (JAMs).
Campaigners have approached the Chancellor to turn around cuts
to universal credit (UC) made by George Osborne, which commentators have said
will surrender working families over to £1,300 worse off by 2020.
While speaking with the BBC, Mr Hammond said: "A large
number of those conjectures are indicating an abating of financial development
one year from now and a sharp test for people in general funds.
"We have to maintain our credibility - we have
eye-wateringly large debt, we still have a significant deficit in this country
and we have to prepare the economy for the period that lies ahead.
"I want to make sure that the economy is watertight,
that we have enough headroom to deal with any unexpected challenges over the
next couple of years and most importantly, that we're ready to seize the
opportunities of leaving the European Union."
Also speaking on ITV on Sunday, Mr Hammond said: "We
have to wait and see what inflation figures look like when we get the OBR's
(Office of Budget Responsibility) report on Wednesday, but I think looking at
the consensus of forecasts, it's clear that inflation is back."
Is also reported that Britain is reportedly facing a £100bn
black hole in public finances over Britain's exit from the EU.
No comments:
Write comments